Last Week Initial Jobless Claims Hit Lowest Level Since Pandemic Began

Washington, DC, October 22, 2020-In the week ending October 17, the advance figure for seasonally adjusted initial claims was 787,000, a decrease of 55,000 from the previous week’s revised level, according to the Department of Labor. 

The previous week’s level was revised down by 56,000 from 898,000 to 842,000. 

The four-week moving average was 811,250, a decrease of 21,500 from the previous week’s revised average. The previous week’s average was revised down by 33,500 from 866,250 to 832,750.